SPX Rebounds but 4H Indecision Signals Caution

SmartReversals
03-05

$S&P 500(.SPX)$

As anticipated, the price action suggested a bounce; after a -2% selloff, the index is returning to neutral territory for the week.

However, indecision in the last 4H suggests caution. The question remains: is this a sustainable reversal or merely a relief rally?

Moves do not happen in a straight line, and the price action today suggest a lot of caution for bears.

Be careful being too bearish right now, risk management is key.

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